The uptrend from December 2010 remains intact for Acelon as it continues to display a series of higher lows and higher highs. It has also managed to trade back above the 20-day moving average and a bullish crossover has been flashed in the Stochastic oscillator at the oversold region. These positive observations suggest that Acelon may be poised for a further upside push to re-test the all-time high of TWD39.75. A break above it may target the Fibonacci price projection of TWD45.35 next. However a violation below the immediate support at TWD34.65 may damage the bullish trend to see a decline towards the next support at TWD30.00.

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